Govt determined to achieve GDP growth target in FY17-18: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that government is determined to achieve the GDP growth target of 6 per cent in the current fiscal year.

He stated this while chairing a meeting at the Ministry of Finance on Sunday on implementation measures for the budget for FY 2017-18.

Earlier, the Finance Secretary Shahid Mehmood briefed the finance minister on the status of implementation of measures announced in the budget. He said that notifications to implement various decisions announcements of the budget were being issued, and most of the work in this regard had been completed.

On this occasion, Ishaq Dar said that budget for FY 2017-18 has been prepared with the primary aim of providing relief and increasing the welfare of the general public. He urged the Finance Division officials to ensure that necessary formalities regarding the implementation of budgetary measures, including the issuance of the requisite notifications, are completed in a smooth and timely manner.

He said through prudent economic policies and strict financial discipline the present government has been able to achieve macroeconomic stability, and now the focus is on achieving higher sustainable and inclusive economic growth.

He said that the government is determined to achieve the GDP growth target of 6 per cent in the current fiscal year. He directed the Finance secretary to maintain financial discipline during the FY 2017-18, as has been the practice during the last four years.

The EAD secretary and senior officials of the Ministry of Finance also participated in the meeting.

 

Must Read

FBR grapples with Rs1 trillion November target amid revenue shortfall

Tax collections stood at over Rs550 billion as of November 25, leaving a daunting Rs450 billion gap to meet the target